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UIB Assurances closed the 2024 financial year with a net loss of 6.5 million TND (2 million USD) compared with a net loss of 4.2 million TND (1.4 million USD) in 2023.
Turnover reached 39 million TND (12.2 million USD) against 526 TND (171.3 USD) at end-December 2023.
UIB Assurances was established in 2020 as a life insurance company in Tunisia. Four years after its creation, the Tunisian insurer is still unable to generate profits. Cumulative losses stand at 14 million TND (4.4 million USD).
Read also | Tunisian insurance companies
